Los Angeles daily herald., 1887-12-02
EASTERN EVENTS.
Revelations Regarding the
Chicago Wheat Deal.
TESTIMONY OFF. w. WILTSHIRE.
The Comptroller of Currency's
Report on National and
State Banks.
Associated Press Dispatches to the HERALD

Associated Press Dispatches TO the HERALD
CINCINNATI, December 1.-The Har-
per trial was resumed this morning,
with J. w. Wiltshire on the stand.
His testimony showed that he had
purchased for Harper in the Chicago
market about 10000, 900 bushels of
wheat, OF which they were holding
IA 100000 bushels when the crash
came last June. The loss represented
By the break in their corner was from
SO 100000 to $4,0O0,O00. In every
way he made it clear that Harper was
MS principal; that his checks on the
Fidelity Bank were not against any
balance there to his credit, and that
he was given to understand they were
to be protected by Harper.
THE CROSS EXAMINATION
OF Wiltshire was resumed this after
noon. He said that he gave the
ecks to Harper to take up others
He di not know the amount tele-
gtaphed from Cleveland to Chicago to
buy wheat for Harper. On June 4th,
he got a package from Harper to take
to Chicago. He took the envelopes
Harper gave him, saying they con-
tanned 5000, 900. kershaw and Hoyt
were not with them at the bank. I'll $
instructions, based on a telegram to
the American National Exchange
Bank, were to leave the package if the
bank would protect the brokers repre-
senting the deal and furnish the ac-
commodations necessary for carrying
it out. He did not think this anything
unusual.
HARPER RE-EXAMINED.
Counsel showed through Harper
that the orders of wheat were signed
with Harper's initials. He stated in
his first examination that John V.
Lewis furnished some 100000 in
checks, which Wiltshire discounted
and put in the bank to the credit of
the Harper deal. He is now in the
Chicago firm, and did not know that
Lewis was in the transaction; knew
Only that Wilshire's checks on the
First National Bank were met by de-
posts from the Fidelity. So far as he
knew, all the money came from the
Fidelity.
sCHoLFIELD TEsTiFIEs.
Ebenezer Scholfeld cashier of the
First National Bank of New York
testified that his bank made loan to
the Fidelity on two certificates of de-
posit, which he produced. They wee
for 100000 each, due June
9th and July 7th, and were
accompanied by letter which he also
produced, and also another letter re-
ceived previously. The letter gave a
list OF the collateral for lon, including
notes of the Riverside Steel and Iron
Company, Swift's Iron Company,
Harper & Co. and others. The
letter was signed by E. l.. Harper.
The District Attorney said that the
purpose of this testimony was to
show that Harper was insolvent and
that the money used was drawn from
the bank while a special account was
kept for the purpose of giving him
fictitious credit. Scholfield said that
their claim presented to the receiver
was for about $250,00
THE CHEMICALS CASHIER CALLED.
James A. Quinlan, cashier of the
Chemical National Bank of New York,
said that his bank made a loan on
March I'd to the Fidelity, OF 100000
upon certain collaterals. These in
cluded the notes of the companies
named by other witnesses, and also
by The Champion Machine Works,
Whitley Fossler & Nelly and Hon. S.
Bundy.